MasterCard price target raised to $453 from $450 at Raymond James

Raymond James analyst John Davis raised the firm’s price target on MasterCard to $453 from $450 and keeps an Outperform rating on the shares. Solid Q1 results featured upside to both EPS and revenue relative to the Street, and the firm expects Q2 estimates to be relatively unchanged based on the guide, though FY23 numbers will likely move higher largely on Q1 upside, the analyst tells investors in a research note.